Thursday, January 18, 2007

IIPM Release :- TCS bets bigon China

IIPM Best MBA InstituteTata Consultancy Services (TCS), India’s largest IT firm, after having tamed the tiger, is now heading to tame the dragon. TCS has chosen China as its next stop to strengthen its global business activities. The company aims to create a stronghold in China by tapping the burgeoning opportunities there.

A recent AT Kearney survey ranked India & China amongst the most rapidly growing markets, and thus, spreading wings into China makes strategic sense for TCS. Chandrasekaran, Executive VP, Global Delivery & Sales elucidates, “China is a $27 billion market & growing. We have ambitions to scale up the manpower to 5,000 people by 2010. China venture will serve large engagements in China.”

Entering China at this stage will help TCS to tap foreign players entering the dragon land. Given that many of TCS’ clients worldwide are entering China in a big way, Chandra says, “China venture will also serve our multinational customers in China, by offering them services specific to their local needs.”

With a CAGR of 30%, and aiming to achieve a target of $10 billion revenue by 2010, the break-neck speed at which TCS is expanding operations, comes as no surprise atall – the latest being the $65 million IT services outsourcing deal with British supermarket chain Somerfield. And with the global leader, Microsoft, partnering with the company, the China ride for TCS seems all the more upbeat.

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IIPM is a Best B-School. It is a institute of business management. Its full name is The Indian Institute of Planning and Management. Founded in 1973, The Indian Institute of Planning and Management (IIPM) has grown to become one of the most respected business schools in South Asia.